Global Essential Oils Market Size & Outlook, 2023-2030
Global essential oils market, 2018-2030 (US$M)
Related Markets
Global essential oils market highlights
- The global essential oils market generated a revenue of USD 23,739.9 million in 2023 and is expected to reach USD 43,341.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9% by 2030.
- In terms of segment, orange accounted for a revenue of USD 2,088.1 million in 2023.
- Acorus Calamus is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 23,739.9 million |
| Market revenue in 2030 | USD 43,341.8 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Orange |
| Fastest growing segment | Acorus Calamus |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acorus Calamus, Ajowan, Basil, Black pepper, Cardamom, Carrot Seed, Cassia, Cedarwood, Celery, Cinnamon, Citronella, Clove, Cornmint, Cumin Seed, Curry Leaf, Cypriol, Davana, Dill Seed, Eucalyptus, Fennel, Frankincense, Garlic, Ginger, Holy Basil, Juniper Berry, Lemon, Lemongrass, Lime, Mace, Mustard, Neem, Nutmeg, Orange, Palmarosa, Pepper Mint, DMO, Rosemary, Spearmint, Turmeric, Vetiver, Ciz-3 Hexanol, Tea Tree |
Other key industry trends
- In terms of revenue, the North America accounted for 39.0% of the global essential oils market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 463.8 million by 2030.
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Essential Oils Market Scope
Essential Oils Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global essential oils market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to essential oils market will help companies and investors design strategic landscapes.
Orange was the largest segment with a revenue share of 8.8% in 2023. Horizon Databook has segmented the Global essential oils market based on acorus calamus, ajowan, basil, black pepper, cardamom, carrot seed, cassia, cedarwood, celery, cinnamon, citronella, clove, cornmint, cumin seed, curry leaf, cypriol, davana, dill seed, eucalyptus, fennel, frankincense, garlic, ginger, holy basil, juniper berry, lemon, lemongrass, lime, mace, mustard, neem, nutmeg, orange, palmarosa, pepper mint, dmo, rosemary, spearmint, turmeric, vetiver, ciz-3 hexanol, tea tree covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Essential Oils Product Outlook (Revenue, USD Million, 2018-2030)
- Acorus Calamus
- Ajowan
- Basil
- Black pepper
- Cardamom
- Carrot Seed
- Cassia
- Cedarwood
- Celery
- Cinnamon
- Citronella
- Clove
- Cornmint
- Cumin Seed
- Curry Leaf
- Cypriol
- Davana
- Dill Seed
- Eucalyptus
- Fennel
- Frankincense
- Garlic
- Ginger
- Holy Basil
- Juniper Berry
- Lemon
- Lemongrass
- Lime
- Mace
- Mustard
- Neem
- Nutmeg
- Orange
- Palmarosa
- Pepper Mint
- DMO
- Rosemary
- Spearmint
- Turmeric
- Vetiver
- Ciz-3 Hexanol
- Tea Tree
- Others
- Global Essential Oils Application Outlook (Revenue, USD Million, 2018-2030)
- Medical
- Pharmaceutical
- Nutraceutical
- Food & Beverages
- Bakery
- Confectionery
- Dairy
- RTE meals
- Beverages
- Meat, Poultry & Seafood
- Snacks & Nutritional Bars
- Spa & Relaxation
- Aromatherapy
- Massage Oil
- Personal Care
- Cosmetics
- Hair Care
- Skin Care
- Sun Care
- Makeup and color cosmetics
- Toiletries
- Soaps
- Shampoos
- Men's Grooming
- Oral Care
- Baby Care
- Fragrances
- Perfumes
- Body Sprays
- Air freshners
- Cosmetics
- Cleaning & Home
- Kitchen Cleaners
- Floor Cleaners
- Bathroom Cleaners
- Fabric Care
- Medical
- Global Essential Oils Sales Channel Outlook (Revenue, USD Million, 2018-2030)
- Direct Selling
- Others
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Target buyers of Global essential oils market databook
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Our clientele includes a mix of essential oils market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global essential oils market , including forecasts for subscribers. This global databook contains high-level insights into Global essential oils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global essential oils market size, by regions, 2018-2030 (US$M)
Top 10 countries: Essential oils market size, 2023 (US$M)
Global essential oils market share, by product, 2023 & 2030 (%, US$M)
Essential oils market: Opportunity assessment by country
Global essential oils market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 6,176.3 | 6,778.1 | 7,346.7 | 7,795.2 | 8,559.2 | 9,255.2 | 10,069.3 | 10,949.0 | 11,932.1 | 12,989.5 | 14,330.9 | 15,811.4 | 17,445.5 | 9.5% |
| Europe | 7,728.6 | 8,446.7 | 9,162.1 | 10,190.3 | 10,642.0 | 11,716.8 | 12,769.7 | 13,923.0 | 15,186.3 | 16,559.7 | 17,820.8 | 19,178.3 | 20,639.4 | 8.4% |
| Asia Pacific | 1,204.9 | 1,304.3 | 1,399.6 | 1,518.2 | 1,769.7 | 1,874.9 | 2,054.6 | 2,256.3 | 2,449.7 | 2,685.5 | 2,978.8 | 3,303.8 | 3,663.8 | 10.0% |
| Latin America | 108.5 | 117.1 | 125.3 | 134.4 | 143.1 | 153.5 | 165.2 | 177.5 | 191.1 | 205.5 | 223.8 | 243.8 | 265.7 | 8.2% |
| MEA | 511.5 | 541.1 | 595.4 | 641.9 | 685.8 | 739.6 | 798.8 | 863.4 | 934.0 | 1,009.2 | 1,105.5 | 1,211.4 | 1,327.4 | 8.7% |
| Overall | 15,729.9 | 17,187.3 | 18,629.1 | 20,280.0 | 21,799.8 | 23,740.0 | 25,857.6 | 28,169.2 | 30,693.2 | 33,449.4 | 36,459.9 | 39,748.5 | 43,341.8 | 9.0% |
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